SUPPLEMENT 1
TO
COLEMAN
RETIREMENT INCENTIVE SAVINGS PLAN
The following Amendments to the Coleman Retirement Incentive Savings
Plans ("CRISP") are made effective as of the dates stated herein by The
Coleman Company, Inc. (the "Company").
WHEREAS, the Company has reserved the right to amend the Plan; and
WHEREAS, it is desirable to make certain amendments to the Plan.
NOW, THEREFORE, the Plan shall be amended as follows:
SUPPLEMENT 1 shall be added and shall read as follows:
TRANSFER OF ACCOUNTS OF PARTICIPANTS TRANSFERRED TO EMPLOYMENT WITH
ADVANCED TECHNOLOGY SERVICES, INC.
A. Background and Purpose. Effective as of July 6, 1998, The Coleman
Company, Inc. outsourced certain maintenance operations to Advanced
Technology Services, Inc. ("ATS") and in the process transferred the
employment of certain of its employees ("Transferred Employees") to
employment with ATS. Effective as of the closing ("Closing") of the
transfer, Transferred Employees ceased to participate in this Plan.
The purpose of this Supplement is to provide special rules relating to
the transfer from this Plan to the Advanced Technology Services, Inc.
401(k) Profit Sharing Plan ("ATS Plan") of plan accounts of certain
Transferred Employees as of July 6, 1998, or such other date as may be
provided by the Plan Administrator ("Transfer Date").
B. Contributions. Prior to the Transfer Date, the Employer shall make or
shall cause to be made all contributions on behalf of Transferred
Employees in such amounts as may be required under the terms of the
Plan for periods prior to the Closing.
C. Full Vesting. Each Transferred Employee shall be fully vested in and
have a nonforfeitable right to the entire balances in his Account,
regardless of his number of years of service.
D. Election. In accordance with rules established by the Plan
Administrator each Transferred Employee may elect to have his Account
remain in the
Plan and be held and distributed upon a separation from service in
accordance with the terms of the Plan. Any Transferred Employee who
does not elect to have his Account remain in the Plan shall have his
Account transferred to the ATS Plan pursuant to paragraph E below.
E. Transfer of Accounts. Effective as of the Transfer Date, the Plan
Accounts of Transferred Employees (other than those Transferred
Employees who elect to have their vested balances remain in this Plan
pursuant to paragraph D above) are being transferred to the ATS Plan.
The transfer of such Accounts shall be made in accordance with Section
401(a)(12) and Section 414(l) of the Internal Revenue Code and the
regulations thereunder. After such transfer, no Transferred Employee
whose Account is being transferred, or other person claiming benefits
for or on account of such Transferred Employee, shall be entitled to
or have any interest in benefits under this Plan.
F. Transfer of Assets. As soon as practicable after the Transfer Date,
the Plan Administrator shall direct the Trustee to transfer to the
trust that funds benefits under the ATS Plan cash (or such other
assets as the Plan Administrator
may determine, including loans from the Plan to Transferred Employees)
equal to the value of the Accounts that are transferred pursuant to
paragraph E above.
G. Accounts. Any account transferred pursuant to paragraph E above shall
be adjusted as of the Transfer Date in accordance with the provisions
of the Plan. Such account balances, as so adjusted, shall be added to
account balances in the ATS Plan for Transferred Employees.
Thereafter, such accounts shall be adjusted and be payable to
participants and their beneficiaries in accordance with the terms of
the ATS Plan, subject to the requirements of Section 411(d)(6) of the
Internal Revenue Code.
H. Use of Terms. Terms used in this Supplement shall, unless otherwise
defined in this Supplement, have the meanings set forth in the Plan.
IN WITNESS WHEREOF, the authorized officers of The Coleman Company, Inc. have
signed this document and have affixed the corporate seal, effective as of the
15 day of March, 1999.
THE COLEMAN COMPANY, INC.
ATTEST:
By /s/ Ronald R. Richter
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Ronald R. Richter
Its Vice President and Treasurer
By /s/ Janet G. Kelley
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Janet G. Kelley
Its Vice President and Secretary